{"data":{"id":"us-ky/krs-160.040","jurisdiction":"us-ky","citation":"KRS 160.040","heading":"Merger of districts.","body":"Boards of education of any two (2) or more contiguous school districts may by concurrent\naction merge their districts into one (1). In case of a merger, the members of the boards of\neducation of the merged districts may serve out the terms for which they w ere elected.\nThe resulting district shall take over all the assets and legal liabilities of the districts\njoining in the merger. Tax levies authorized for the payment of interest and the retirement\nof bonds or to create sinking funds for such purposes shal l continue to be levied and\ncollected over the same area by or for the new board in accordance with the laws under\nwhich the levies were originally made until all bonded obligations of the old district have\nbeen retired.","path":["KRS Chapter 160"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=3660","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:07Z","sha256":"2c1038a5aa92a3a07cba60a1fa9d500a7b6d04bb6e4489288afcca5281ca9830","source_id":"us-ky","stale":false,"prev":"us-ky/krs-160.030","next":"us-ky/krs-160.041"},"notice":"GroundRules: Original legal text. Not legal advice."}